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Used Truck Market Set To Climb From $52.87 Billion In 2026 To $70.41 Billion By 2030
The used truck market size has grown strongly in recent years. It will grow from $49.93 billion in 2025 to $52.88 billion in 2026 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to construction sector growth, logistics expansion, high cost of new trucks, diesel truck dominance, long vehicle service life.
The used truck market size is expected to see strong growth in the next few years. It will grow to $70.41 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to electric truck transition lag, infrastructure spending growth, digital resale platforms, demand from small fleet operators, financing availability. Major trends in the forecast period include growth in fleet replacement demand, rising popularity of used heavy-duty trucks, expansion of online truck marketplaces, demand from infrastructure projects, cost-conscious logistics operators.
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Used Truck Market Expansion Drivers: What’s Shaping Future Growth?
The rise in the construction industry is expected to propel the growth of the used truck market going forward. The construction industry is the industrial segment of production and commerce concerned with constructing, repairing, renovating, and maintaining infrastructures. Used trucks are used for transporting several construction materials on construction sites. For instance, in February 2025, according to the United States Census Bureau, a U.S.-based federal agency, construction spending reached a seasonally adjusted annual rate of $2,192.2 billion, 0.5 percent above November 2024 and 4.3 percent above December 2023, with total 2024 spending at $2,154.4 billion, 6.5 percent higher than 2023. Therefore, the rise in the construction sector drives the used truck market.
Used Truck Market Segment Performance And Emerging Opportunities
The used truck market covered in this report is segmented –
1) By Type: Light-Duty Truck, Medium-Duty Truck, Heavy-Duty Truck
2) By Fuel Type: Gasoline, Electric, Diesel
3) By Sales Channel: Franchised Dealer, Independent Dealer, Peer-To-Peer
4) By End-Use: Construction, Oil And Gas, Mining, Other End-Users
Subsegments:
1) By Light-Duty Truck: Pickup Trucks, Mini Trucks, Utility Trucks
2) By Medium-Duty Truck: Box Trucks, Flatbed Trucks, Delivery Trucks
3) By Heavy-Duty Truck: Tractor-Trailers (Semi-Trucks), Dump Trucks, Heavy Haul Trucks
Used Truck Market Strategic Trends: What Defines The Next Growth Phase?
Major companies operating in the used truck market are focusing on developing innovative solutions such as certified pre-owned digital assurance platforms to enhance buyer confidence, streamline vehicle evaluation, and improve post-purchase support. Certified pre-owned digital assurance platforms refer to integrated systems that combine standardized vehicle inspection, service history validation, warranty options, and digital customer services to ensure reliable and transparent used truck transactions. For instance, in June 2023, Daimler, a Germany-based automotive manufacturer, launched the Bharat Benz Certified brand for used trucks. Customers can choose a new annual maintenance contract (AMC) while purchasing used Bharat Benz trucks.
Used Truck Market Key Players: Which Companies Lead Industry Competition?
Major companies operating in the used truck market report include Mercedes Benz AG, Daimler Truck AG, Charter Trucks Co, Renault SA, AB Volvo, PACCAR Inc., Penske Automotive Group, MAN SE, Ryder System Inc., Scania AB, Navistar International Corporation, Hertz Car Sales, Schneider National Inc., Murphy-Hoffman Co, Premier Truck Group, Freightliner Trucks, Kenworth Truck Company, Ritchie Bros, The Larson Group, TruckPaper.com, Del-Val International Trucks Inc., Arrow Truck Sales Inc., Fyda Freightliner Inc., Peterbilt Motors Company, Vander Haag’s Inc., Mascus International Holding Co, Hammer Trucks Sales LLC.
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Used Truck Market Largest Region: Which Geography Holds The Biggest Share?
Asia-Pacific was the largest region in the used truck market in 2025. The regions covered in the used truck market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
